If Jacobs does leave the company, his departure could pave the way for an initial public offering of stock, which could value the company in the billions. Jacobs and Duffy each own a third of the company, and LVMH owns the remaining shares, meaning all three parties would have to agree to the sale. While LVMH executives are said to be eager to do it, Jacobs and Duffy are "not on board." So whether Jacobs will continue to work with Louis Vuitton or keep his business off the stock market remains to be seen.